Antin Infrastructure Partners is a

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

firm focused on infrastructure investment, with offices in Paris, London and Luxembourg.

History

Antin was founded in Paris in 2007. Initially sponsored by

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the gro ...

, the firm bought out the bank's 40% stake in 2012. Led by former banker Alain Rauscher, Antin manages four funds for infrastructure investment in Europe and North America, each with a focus on telecommunications, transportation, energy and the environment, or social sectors. In 2014, the firm owned a third of all trains running in the UK. As of September 2021, Antin had 75 partners and over 65 professional staff. Antin sponsors a research chair in private equity and infrastructure at

HEC Paris HEC Paris (french: École des hautes études commerciales de Paris) is a business school, and one of the most prestigious and selective grandes écoles, located in Jouy-en-Josas, France. HEC offers Master in Management, MSc International F ...

, which in 2019 was held by Denis Gromb, Professor, Finance Department.

Investments

In September 2014 it was announced that the Israeli conglomerate

Delek Group Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsid ...

was selling UK freeway services company

Roadchef Roadchef is a company which operates 21 motorway service areas in the United Kingdom. It is the third-largest motorway service area operator in the country, behind Moto and Welcome Break and followed by Extra. History Roadchef was founded in ...

to Antin for £153 million. Between 2014 and 2015, Antin acquired a 99% stake in

Central Area Transmission System The Central Area Transmission System (known as CATS) is a natural gas transportation and processing system that transports natural gas through a 404 kilometre pipeline from the Central North Sea to a reception and processing terminal at Teessi ...

, a natural gas transportation and processing system, from

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory an ...

. In July 2018, Antin announced that it was seeking to raise €5 billion for its fourth fund, having raised €3.6 billion for its third in 2016. In April 2019, more than €2.5 billion had been committed. In September 2018, Antin was reported as having raised €8 billion, and to have invested in 22 companies. In August 2019, Antin sold a minority stake in Eurofiber, a Dutch

fiber-optic network Fiber-optic communication is a method of transmitting information from one place to another by sending pulses of infrared light through an optical fiber. The light is a form of carrier wave that is modulated to carry information. Fiber is pre ...

, to

PGGM Stichting Pensioenfonds Zorg en Welzijn (known as PFZW, formerly PGGM, translation: "Pension Fund for Care and Well-Being") is the second largest pension fund in the Netherlands. As of 31 December 2014, PFZW had total assets under management of ...

, after having bought the company for 875 million Euros in 2015. In late 2019, Antin acquired the U.S. district energy assets of

Veolia Veolia Environnement S.A., branded as Veolia, is a French transnational company with activities in three main service and utility areas traditionally managed by public authorities – water management, waste management and energy services. It p ...

to establish

Vicinity Energy Vicinity Energy is the largest district energy provider in the United States. Headquartered in Boston, it is a subsidiary of Antin Infrastructure Partners. It launched at the beginning of 2020 on Antin's purchase of Veolia's U.S. 18 district energ ...

. In late 2020, Antin was reported as acquiring Babilou, a French nursery operator, and Hippocrates Holding, an Italian pharmacy network. In 2021, it acquired

Pulsant Pulsant is a Digital economy, digital edge infrastructure provider, specialising in cloud, Colocation centre, colocation and connectivity services. History Established in 1995 as EdNET, an Internet service provider, ISP, the company was rebrand ...

, a provider of

datacenter A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommuni ...

services. On September 24, 2021, its IPO was the largest to date on

Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...

for 2021, with Antin shares set at €24 per share, then surging to close at €30, giving the firm a value of about 5.1 billion euros. Prior to its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

, the firm was valued at four billion Euros.

References

Private equity firms of the United Kingdom Financial services companies established in 2007 2007 establishments in France Investment companies of France {{company-stub